Wellington Management Group LLP Buys New Holdings in Unitil Co. (NYSE:UTL)

Wellington Management Group LLP purchased a new stake in Unitil Co. (NYSE:UTL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,105 shares of the utilities provider's stock, valued at approximately $1,400,000. Wellington Management Group LLP owned approximately 0.14% of Unitil as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UTL. Hotchkis & Wiley Capital Management LLC purchased a new position in Unitil in the third quarter worth $5,827,000. State Street Corp lifted its stake in Unitil by 6.1% during the third quarter. State Street Corp now owns 723,587 shares of the utilities provider's stock worth $43,835,000 after purchasing an additional 41,511 shares during the last quarter. Riverwater Partners LLC boosted its holdings in shares of Unitil by 276.9% in the 3rd quarter. Riverwater Partners LLC now owns 31,577 shares of the utilities provider's stock worth $1,884,000 after purchasing an additional 23,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Unitil by 3.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 511,814 shares of the utilities provider's stock valued at $31,006,000 after buying an additional 19,341 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Unitil in the 3rd quarter worth approximately $725,000. Institutional investors own 76.76% of the company's stock.

Unitil Price Performance

UTL traded down $0.46 during midday trading on Friday, hitting $53.78. The stock had a trading volume of 312,632 shares, compared to its average volume of 58,766. The company has a market cap of $870.64 million, a P/E ratio of 18.35 and a beta of 0.62. Unitil Co. has a 1 year low of $45.26 and a 1 year high of $63.52. The business has a fifty day moving average of $58.51 and a 200 day moving average of $57.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.91.

Unitil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, November 14th. Unitil's dividend payout ratio is currently 58.02%.

Unitil Company Profile

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts.